News on U.S. government agencies, U.S. politics, companies doing business with U.S. federal government. Read U.S. national and local news. This site is not affiliated with United States Government.
(USGovernment-News.Com, February 02, 2016 ) The increasing government regulation for advanced safety features in automobiles has boosted the demand of driver assistance system market in recent years. Moreover, the rapid technological development in the sensor technology, GPS, and camera has also increased the penetration of driver assistance system in low cost vehicles.
The connected vehicles, based on vehicle-to-infrastructure (V2I) and vehicle-to-vehicle (V2V) communication provides growth opportunity for the driver assistance systems market in the passenger vehicles industry. In the intelligent transportation systems, warning messages can be sent to other vehicles with the help of sensors for precise intersections. Driver assistance system can be used with connected vehicle technologies, which gives accurate and real time road condition through sensor based communication channel. The United States Department of Transportation (USDOT) launched “Transportation Datapalooza“ in June 2015, to evaluate the efficiency of “big data” generated by connected vehicle for the development of safe and efficient multi-modal transportation system. The global driver assistance system market is also expected to witness growth from the increasing demand of passenger car. The automotive industry in North America continues to be one of the most significant industries. In 2014, the automotive sector of the U.S. became $500 billion market, along with FDI which accounted for nearly $74 billion (about 3 percent of total FDI in the U.S.). The automotive industry manufacturers in the U.S. have collectively invested about $46 billion for the expansion and technological development, since 2010.
The increasing need for improved fuel efficiency and road safety is expected to drive the improvements in vehicle powertrain, and advanced safety features in the automobiles. The growth of electric vehicles in the North American market is one of the promising aspects for the growth of the driver assistance system market in the U.S. During the recent years, many electric vehicle manufacturers, such as Chevrolet, Nissan, Ford, and Tesla have launched their electric passenger cars in the U.S. market.
The Asia-Pacific driver assistance system market is expected to witness significant growth, during the forecast period. Asia-Pacific automotive manufacturers in particular have well-established electric passenger car market.
Some of the competitors in the global driver assistance systems market are Robert Bosch Gmbh, Texas Instruments Inc., Delphi Automotive PLC, Freescale Semiconductor Inc., Mando Corp., Elektrobit Corporation, and Hitachi Ltd.
Global Driver Assistance System Market Segmentation By Type BSD and Night Vision Adaptive Cruise Control Park Assist Blind Spot Detection Night Vision Tire Pressure Monitoring System Adaptive Front Lighting Others • By Geography North America o U.S. o Canada Europe o Germany o Italy o U.K. o France o Spain Asia-Pacific o China o Japan o India o South Korea Rest of the world o Brazil
About P&S Market Research
P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports, business intelligence and research based consulting services across a range of industries.
With the help of our professional corporate relations with various companies, our market research offers the most accurate market forecasting. Our analysts and consultants interact with leading companies of the concerned domain to substantiate every single data presented in our publication. Our research assists our client in identifying new and different windows of opportunity and frame informed and customized strategies for expansion in different regions.
Contact: Abhishek Executive – Client Partner 347, 5th Ave. #1402 New York City, NY - 10016 US/ Canada Toll-Free: 1-888-778-7886 Email: enquiry@psmarketresearch.com Web: https://www.psmarketresearch.com
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:
